Biggest Exporting Industries in China in 2020

1. Mobile Phone Manufacturing in China

Exports for 2020: $158,0B

Industry revenue for the Mobile Phone Manufacturing industry is forecast to increase at an annualized 5.0% over the five years through 2019, to total $232.2 billion. This trend includes expected growth of 3.2% in the current year. Although the industry developed rapidly from 2013 to 2015 due to the popularity of the 4G mobile phone, the industry's expansion has since slowed as the 4G mobile phones market reaches saturation.

In order to expand economies of scale, many companies try to expand into overseas markets. With the advantage of high performance-to-price ratio, Chinese products are usually popular and subsequently allow Chinese... Learn More

2. Smart Phone Manufacturing in China

Exports for 2020: $153,4B

Revenue for the Smartphone Manufacturing industry in China is expected to increase at an annualized rate of 25.8% over the five years through 2019. In 2019, industry revenue is expected to grow by 22.1%, to $259.1 billion, mainly due to increased exports and growing demand for third- and fourth-generation (4G) smartphones. Exports are estimated to account for 59.2% of industry revenue in 2019.

Demand for smartphones has grown strongly over the past five years, due to the rapid development of 3G and 4G technology, an abundant smartphone product portfolio and competitive product pricing. In late 2013, the Ministry of Industry and... Learn More

3. Computer Manufacturing in China

Exports for 2020: $96,1B

China has become the computer production base for the world. It is also the largest consumer of computer products. Demand for computers from domestic and global markets has driven the development of the Computer Manufacturing industry in China.

Industry revenue is expected to fall at an annualized 0.5% over the five years through 2019, to total $250.3 billion. Technology for computers has developed rapidly in recent years, driving consumers to purchase product upgrades. However, industry revenue declined between 2014 and 2016 due to falling foreign demand and a saturated domestic market.

The Chinese domestic market holds great potential for the industry. Due... Learn More

4. Computer Peripheral Manufacturing in China

Exports for 2020: $82,0B

Declining retail prices and intense industry competition have contributed to relatively slower industry revenue growth and narrower profit margins over the past five years. As laptops have become more popular, demand for some computer peripheral equipment has declined. Overall, revenue for the Computer Peripheral Equipment Manufacturing industry is expected to grow at an annualized 2.5% over the five years through 2019, to total $209.6 billion. This trend includes expected growth of 2.0% in the current year.

International trade is highly important to the industry, with exports driving the industry's development over the past decade. Exports accounted for 96.6% of industry revenue... Learn More

5. Integrated Circuit Manufacturing in China

Exports for 2020: $81,2B

The Integrated Circuit Manufacturing industry in China is expected to grow at an annualized 6.2% over the five years through 2019, although growth has been volatile over the period. An increased focus on intellectual property and patents has contributed to revenue growth. Moreover, national support policies have provided a good environment for industry development.

The industry exhibits high international trade. Industry exports are expected to reach $81.3 billion in 2019, accounting for 54.8% of industry revenue. Meanwhile, competing imports are expected to reach $344.8 billion, satisfying 83.7% of domestic demand.

Historically, most firms in the Integrated Circuit Manufacturing industry in China were... Learn More

6. Steel Rolling in China

Exports for 2020: $61,0B

In 2018, revenue for the Steel Rolling industry in China increased by 3.1% to total $1.1 trillion. Over the past five years, revenue has been increasing at an annualized rate of 3.1%, driven by rising demand for high quality and value-added steel products from downstream industries such as automobile manufacturing (IBISWorld industry report 3721) and real estate management and development (7210a and 7210b).

In recent years, there have been supply surplus problems within the industry. However, long-term prospects are promising as China continues to become more urbanized and the government focuses on expanding infrastructure. The number of enterprises operating in the... Learn More

7. Software Development in China

Exports for 2020: $55,8B

The Software Development industry has grown strongly over the past five years. Industry revenue is expected to increase at an annualized 10.1% over the five years through 2019, to $1.11 trillion. This trend includes anticipated revenue growth of 10.3% in the current year. Strong demand from downstream software users and the government, along with solid pricing, have supported the industry's performance over the past five years. The industry's development has also been supported and encouraged by the Chinese Government, with the government instituting several policies to support the industry. The government's 13th Five-Year Plan (2016 to 2020) lists software development... Learn More

8. Apparel Manufacturing in China

Exports for 2020: $53,8B

The Apparel Manufacturing industry has performed well over the past five years. Revenue for the Apparel Manufacturing industry is expected to grow at an annualized 5.5% over the five years through 2019, to total $390.2 billion. This trend includes expected growth of 4.4% in the current year.

The industry currently has 19,940 enterprises operating in the industry in 2019, employing 4.6 million workers with an estimated payroll of $44.4 billion. The rising prices of raw materials, in addition to higher labor costs, have led to a decrease in profitability for industry operators over the past five years. In 2019, profit is... Learn More

9. Footwear Manufacturing in China

Exports for 2020: $48,1B

China has long been the largest global footwear manufacturer, supplying products to countries all over the world. However, in recent years, fierce international competition and manufacturing being transferred to Southeast Asia has challenged the industry.

Over the five years to 2019, industry revenue declined by approximately 1.7% per year. In 2019, revenue is estimated to increase 1.9% to $108.3 billion. The largest product segment of the industry is rubber shoes.

Exports are expected to decrease by 0.9% in 2019 and exports as a share of industry revenue are estimated at 44.4%. In 2018, due to the impact of the Sino-US trade war,... Learn More

10. Cotton Fabric and Yarn Manufacturing in China

Exports for 2020: $47,9B

The Cotton Fabric and Yarn Manufacturing industry in China is expected to grow at an annualized 5.9% over the five years through 2019, to an estimated $463.0 billion. The economy rebounded over the period and the stimulus package launched by the government led to substantial growth in demand for cotton fabric and yarn products. However, the cancellation of the country's three-year cotton storage policy has led to a sharp decrease in cotton prices since 2014.

Rising labor costs and fierce competition have resulted in industry firms moving their operations into middle and western China. Competition from other developing countries with lower... Learn More